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of the "wall street journal," economy grows at 2% pace. consumers, government spending, powered third-quarter gains, but growth likely to slow down. and that's what we want to talk to you about for the first 45 minutes of this edition of the "washington journal." good morning. today is saturday, october 27. we want to talk to you about your optimism or pessimism about the economy. things getting better? things getting worse? are you doing all right? could you be doing better? we want to talk to you about the economy, your optimism, and your pessimism in terms of your personal economy and not necessarily how you feel the candidates will do, what they might do for the economy once they get elected. 202-585-3881 for republicans. for democrats, 202-585-3880. for independents, 202-585-3882. and you can also reach out to us via social media. the address on twitter, @spanwj. facebook.com/cspan. and email, journal@c-span.org. more from the article this morning from the "wall street journal," economy grows at 2% pace. josh mitchell and refugee write -- -- and jeffrey write -- host: we'll take
think it's been a very tough spot for the world economy. and it's not that comfortable but i think you did see the first year dramatic decline and then since that first year, 15 months you've seen some pretty substantial recovery that still has a long way to go before people are going to feel like we're fully recovered. >> austan, let me jump in there. we do still have a long way to go. a couple of charts that a supporter of governor romney would hope people would focus on. first labor force participation rate. it rose slightly to 63.8%. look at this number. back to 1981. let me give you another one. second, the so-called underemployment rate now stands at 14.6%. hey, that's a little bit better. but you know what? this is still a number that a lot of people say is the real feel unemployment rate. >> you're getting -- let's not get a little confused. if you take that real unemployment rate, that's down substantially more over the last three years than the observed regular unemployment rate is down. so you don't want to compare two different numbers. you should take any series and look a
. there are people who want to serve when the economy changes, could impact this? yes. but right now, i feel it is not impacting our recruiting. it does not impact our quality operationally, and hopefully that will continue. >> you have been in the job for a little over a year now. god willing and things go right, you have three more years to go. i know that much of the decade before you took this job, it was not in the middle of the night and waking up and saying, what would i do if i was the chief? you have other things on your mind. what has surprised you the most in coming into this circumstance? >> well, i think, -- i guess i've got to be careful. one of the things i tell everybody what i was the commander in iraq and the commander of the core there, have the freedom to make some pretty significant decisions. that freedom is not quite the same here in washington. that is probably one of the biggest adjustment. i had to realize i did not have complete autonomy. i knew that, but it took me a while to understand that really. the real challenges that we have are that we have this large orga
the economy added 171,000 jobs last month. the unemployment rate ticked up to 7.9%. here's what president obama said about these numbers this morning in ohio. >> today our businesses have created nearly 5.5 million new jobs, and this morning we learned that companies hired more workers in october than at any time in the last eight months. >> i want to talk about the economics and the politics of the report with our chief business correspondent ali velshi and john avalon. they're in ohio talking to the voters. ali, let's start with you since you have an economics, numbers guy here. >> yeah. >> we looked at this, and the economy stated by cnn money, they were twpg 125,000 jobs, so this number was higher at 171,000. so you have figures in august and september, also higher than we thought. what do we say about the overall growth and the health of the economy and the recovery? >> you and i talked about this before. i like the jobs creation or job loss numbers. the establishment survey more than i like the unemployment number. by the way, i feel the same way about it when it's low and when it's
for a while. >> it is time for a new economic ta patriotism. rooted in the belief that growing our economy begins with a strong and thriving middle class. >> i get it about the class. but if we hit people with more tax people who are work maybe doing pretty well and somehow it is more patriotic to pay more taxes, i love what arthur godfrey said. he was proud to be a tax paying american and he could be just as proud for half of the money. it is not a matter of patriotism for the government to take more and more of what we earn and redistribute it not so much to people who are absolutely desperate and in need. but just to people who kind of like to have what somebody else had. there no patriotism in that. it is working hard and not expecting our government to do something for us and expecting us to do something for our government. there was a democrat named john f. kennedy. he had it right. ask not what your country can do for you. ask what you can do for your country. the way i was brought up. democrat or republican. that was patriotism. the obama late night talk show mirn tour continued th
, the unemployment rate rose to 7.9%. 47 million people are on food stamps. our economy is still on life support. and our country is $16 trillion in debt. we cannot afford four more years like the last four years, but that is exactly what president obama is offering. instead of developing a plan to address our serious challenges, his campaign is focused on phony issues. and instead of thinking big, they have wound up looking small. the question of this election comes down to this -- do you want more of the same or do you want real change? president obama promised change, but he could not deliver it. i promise change, and i have a record of achieving it. we need a real turnaround if we are going to get our economy growing and get americans working again. and i have led that kind of effort many times before. during my 25 years in business, i helped people turn their dreams into success stories. together, we built names like staples, bright horizons, and the sports authority. and helped create over 100,000 jobs. when i became governor of massachusetts, the economy was in bad shape and our budget wa
on the economy and the pressure to deliver ohio for romney. >> and former secretary of state ken blackwell that could force americans to wait 10 days to find out who the next president is. and high said it will not be close. michael baron's build prediction of a land slide on election day. live from columbus, mike huckabee. >> welcome to huckabee. we'll come to you from columbus, thitate with a big role in the presidential election. both candidates fighting for every last vote that would give them 18 electorial votes to put them past 270. and we'll talk about that in a few machines. meanwhile in the home base in new york city and all over the northeast coast, there is pure devastation in the after math of hurricane sandy. ♪ they are talk being surges we have not seen before. >> with each hour the full scope of sandy's detruction is becoming clearer. >> the level of destruction on the jersey shore is unthinkable. >> nothing. i done have anything or anywhere to go. i don't have clothes. >> we have water or electricity all of the food was thrown out. >> i didn't expect it to be that bad and
people they're talking to are telling them, the economy is still the central issue in this campaign. >> i think the economy is not doing well and i think romney is the guy that can turn it around, gets back on track, get things going again for starters and i'm worried about the budgets, the deficits. all my kids are in their 30s and we need the bubbling economy to move them along. >> a lot of people are hurting right now. but the president's ideology is what we need. >> i would say that the stimulus package was a really big success and i thought that, you know, i want government to play a role in our lives and i have a feeling that romney doesn't think that it should. >> let's met bring in jonathan althar. welcome to my home state. let's talk about the economy and we put it in the context of the latest poll. jonathan, is this an economy election in ohio? >> it always is. this is the heartland of america and even when the economy isn't as big as it is this year, in ohio in particular, it's about those working class voters and whether they think that one candidate or the other is providing
in this country to push our economy and improve the economy over the next four years. host: breaking news this morning. we have been talking about the jobs numbers coming out today. 7.9%, slightly up from 7.8%, the unemployment rate, from september. showing 171,000 jobs added in october, this according to the u.s. bureau of labor statistics this morning. i want to get your quick reaction to those numbers. guest: first of all, that is virtually no change. yes, it is an uptick, and it was down the month before. but unemployment is staying basically around 8%. if you count the people of -- who have given up looking for jobs in this country, we have over 20 million people who are unemployed right now. we have to address their needs and concerns, and make sure they have jobs over the next four years. by producing 12 million jobs, a lot of these people will be put back to work. if we continue the policies of the last four years, i am afraid we will see the next norm for unemployment in this country will be 8%, and the unemployment figures are going to stay around that 20 million figure. i think
. big, big hit to the economy. >> paul, thank you so much. i know you're going to be with us for the next few days as we continue to work through hurricane sandy. thank you, paul. >>> all right. tyler, over to you. >> thank you, sue. hurricane sandy of course bearing down, point pleasant, new jersey. some utilities bracing for the worse. we just talk a little bit about that. warning customers that they could be out of power for a week, ten days, maybe more. what kind of damage are we talking about here and will some utilities perform better than others. greg gordon is senior managing director at isi group. mr. gordon, welcome, good to see you. can any utility that will be affected by this storm be described as a potential winner? >> no. look, these companies are regulated. they are -- they make fixed rates of return on the infrastructure and their job is to provide service. when you have a natural disaster of this proportion, their job is to restore that service as quickly as possible. i've been on the phone and talking to ceos of a bunch of companies since yesterday morning.
we study. in a free market economy, recessions and recoveries, upswings and down swings are part and parcel of the world we live in. when you look at how budgets are proposed, off of the congressional budget office projection. they are not that realistic. in 2014, 2015, 2016, they are projected real gdp growth of 4.4%. sounds pretty good. how realistic is it? if you take a look at reality, what's happened since the beginning of the century? gdp has grown at 1.7% and we know we are in a pretty sluggish economy. there is a huge disconnect between what's proposed and what's going on outside this window? >> that's the big deal. the claim is, i'm going to go in and cut taxes. don't worry, cutting taxes is going to be stimulative. we are going to end up with way more jobs and there will be fewer taxes from each individual. there will be way more people paying into the tax system. revenue neutral. lakshman is telling us you have a choice over how much you charge people in taxes. they may not produce all the jobs. what he is doing on day one is adding to the deficit. >> could be but let'
as the race for the white house reaches its conclusion. no mat wrer i ter where i go, t economy is the most important issue in this election. i've been traveling with john avalon. he joins me now as does my good friend christine romans. she joins me from washington. jim acosta from did he back to you, iowa, where mitt romney just landed. brianna keeler is in milwaukee, wisconsin, traveling with president obama. let's start here in ohio. the state has a very complex economy. here's some of what we've been hearing from voters on this trip. >> just a lot of depressed areas. a lot of joblessness. >> just looking at the unemployment rate, it's so scary to me. >> the last four years has not been very good for our small business. >> with the debt crisis, our country has, that burden is going to be on us in the future. >> all of the skills i had are obsolete now. >> i'm not up at the white house. i don't see rich people all the time. i see a lot of poor people. >> shut down, closed, reduced wages, ship the jobs overseas. we lost 55,000 factories. >> we're probably never have the things that we did
. he has not met on the economy or budget or jobs with either the republican leader of the house or senate since july. so instead of bridging the divide he's made it wider. how has he fallen so sort of what he promised. in part because he never led before or worked across the aisle or understood how jobs are created in the real economy. so today he makes new promises. promises heel be enable to keep because he admits he's going to stay on the same path. the same path means $20 trillion in debt. it means crippling unemployment. stagnant take home pay. depressed home values and a devastated military. unless we change we may be looking at another recession. the question of this election comes down to this do you want more of the same or do you want real change? [applause] now president obama promised change but he couldn't deliver it. i promised change and i have a record of achieving it. [applause] i actually built a business and i the turned another business i put orms back on track and with -- olympics back on track. i put my state sfr job loss to job growth and from higher taxes
. we were losing like 800,000 jobs a month. and now we are coming back. i just think the economy is getting a lot better now under a democratic administration. host: i appreciate the call from kentucky this morning. i want to point out another facebook post. this from justin from the upstate new york area. he writes -- at least i am not bombarded with a negative campaign ads while i am watching jeopardy. let us go to rwanda from oklahoma on our line for republicans, how is the campaign playing out in a solidly red state of oklahoma? caller: yes, we are the reddest of the red states. everyone of our counties has gone to mitt romney, and i think we will do it again. what i am calling to about is something that you will never hear from mitt romney, that he does not talk about, that he does not solicit people to speak about, and that is about his incredible generosity. we have heard on television the people coming forward and speaking about the times that he has, without any publicity, that he has contributed to their welfare and so many different ways. he has set of hospital beds an
are needed each month to turn the economy around. so that is the big number we have. that's where we start. good morning. i'm bill hemmer. welcome here. morning, martha. martha: good morning bill. what a week. it is friday. welcome everybody, i'm martha maccallum. this jobs report today could be the freshest things people have in their mind in terms of a economic number when they head to the polls in a few days. this short shows it has been a very slow, sluggish recovery. the government reports real unemployment, this is the number we want to focus on, 14.6%. we say that for a good reason. that includes people that are underemployed, even people only worked one day, get counted in the underemployed, part time emed employed. some just have given up. bill: stuart varney, anchor fox business network. good morning to you. start with the more significant number you find there. what is that, stuart? >> that is the real unemployment rate. that gives the true picture of the employment situation in america today. the that real unemployment rate is 14.6%. that is a dismal picture of the employment p
there to be 250,000 jobs a month created. that is not what you are going to get out of the economy that we came out of. so general ly speaking, this is advantage obama, because he has had job growth since he has come into office with the exception of a few months, but, you know, if i were working for the romney came pain, i would say, really? 7.9% unemployment, and job growth that is not anywhere close to what you are saying it is going to be over the next four years and why should we listen to you about that when you have not done it in this period of time. and then the issue of quality of jobs. president obama can say that he has replaced and more every single job that was lost on his watch, because of a recession that he didn't recreate, but presidential candidate romney says, it is not enough. these are not great quality jobs. so i said earlier today that the revisions to august and september and then the new number for october, 171,000, it is in the vicinity of good job creation. plus 200,000 a month would be good job creation. in august we got 192, and then in september down to 171, and t
in the unemployment rate is a sad reminder that the economy is at a virtual standstill. >> i don't think so. the last month, the unemployment rate came down three ticks. and the romney campaign complained that we hadn't created more jobs. this month, the number of jobs created was 30%, 40% higher than expected and was fairly strong. and then they criticize that the unemployment rate ticked up one tenth. it's the last number before the election, so i think both sides are going to see, try to go through and interpret what it means. i think overall, most economists view it as a fairly solid report. and until we get the growth rate of the economy up faster than 2%, 2.5%, this is probably about what we should expect from a solid report. >> how does one explain the kind of inconsistency? 7.9%. that's up, with unemployment. then you talk about adding 171,000 jobs in october. >> yeah, a great question. a lot of people misunderstood how the jobs work. there's two surveys. the jobs come from a survey of businesses. the unemployt rate comes from a survey of people. each month, there's a lot of variability in bo
need change. for real change we have to take a different course. i will get the economy going from day one we are making changes. >> government reported consumer confidence is at the highest point since obama took office. romney if a new ad mocks the president for resurrecting a proposal on monday rejected by the congressional republicans earlier in year. for a new cabinet level secretary of business. romney slammed him on the stump for it, too. >> find something to suggest it will be better over the next fur years. we game up with an idea that he will create the department of business. i don't think adding a new chair in cabinet will help add millions of jobs on main street. >> the obama camp feigned shock at romney's disdain. >> this is an idea that republicans should have rushed to embrace when it was proposed on january 13. proposal for smaller, smarter, more efficient government. what is the thing that the republicans supported. >> new "associated press" poll shows by 10-point margin, more voters trust romney to break the stalemate in washington than president. >> how about four m
thought. the unemployment rate inched up from 7.8% to 7.9%. the economy added an average of 173,000 jobs per month since july. mitt romney issued a statement that said the unemployment rate is a sad reminder the economy is a virtual standstill for the jobless rate is higher than it was when president obama took office. we will hilton -- we will hear more about the unemployment number from both campaigns today. they are on the campaign trail with four days to go into the elections. president obama has three stops in ohio. coming up in about 15 minutes here on c-span, we will take you to the first stop of the day in hilltard outside columbus. the first lady michelle obama is campaigning in virginia today. at 5:30 eastern, we will take you to petersburg where she will be speaking with supporters. tonight on c-span, mitt romney and paul brian will be joined by their wives for a rally in west chester, ohio. another big names are appearing including condoleezza rice and senator john mccain this evening at 7:30 eastern and we will have that live on c-span. while we wait to hear from president o
of the debates on topics. do you like the format, one is for foreign affairs, one for the economy? >> in an ideal situation, the president deals of great deal with foreign policy, domestic policy, it makes sense to make sure you will not be so heavily weighted one way or another. for example, in the 2004 election, iraq was a huge issue. that might have been a time where the candidates would want to spend a lot more time on foreign policy. right now, most voters say the primary concern is the economy. so, i think maybe there needs to be a little more flexibility in combat. -- on that. i know candy was thinking about that -- on that. i know can be was thinking about that. >> they are given three debates. we did go back and look at what was covered thoroughly. one of them was education, and at one point the president but did meehan said -- looked at me and said we have not discussed education at all, and i said in my head, sorry, he spent the first 20 minutes of the first debate talking about education. we knew -- remember, the first questions all came from the town hall, so i could not just come of
that this economy is not moving in the right direction. the other thing that he has really been hitting and hitting it hard is this notion of bipartisanship. he -- >> all right. that is cnn's jim acosta traveling with the romney campaign. we'll get back to jim and get that straight for you. we're going to move on now. of course, jim, traveling with the romney campaign, they feel they're going to have some momentum. they hit seven states today. that's a lot of states to cover. debuke is in the center of the campaign today. mitt romney at lunchtime, president obama, there right now. our chief correspondent is there as well. jessica, that city is getting plenty of attention today. at least the two men weren't there at the same time. that would have been a bit awkward. >> yeah, although they would have had an unscripted debate. that would have been unusual and probably good for the public. this state getting so much attention because it is one of those must-win battlegrounds, don. and it tells us so much about the -- the map tells us so much about where they're fighting in these final days. where we ar
report proof the economy is improving. mitt romney calls it a sad reminder the economy is at a virtual standstill. >>> big news out of the district about the speed camera fines. what anyone who drives in d.c. will want to hear, trust me. good morning and welcome to news 4 midday. i'm keith russell. >> i'm barbara harrison. it's friday, november 2nd, 2012. we begin with two developing stories. police shot and killed two suspects one in d.c. and the other in stafford. we begin with a man stabbed an officer. megan mcgrath is live on the scene from the latest from washington's brookland section. >> reporter: when police repond to 911 calls they are not sure what they are going encounter, what is going to be happening on the scene when they arrive. that was certainly the case this morning. a veteran police officer and his partner were in harm's way responding to a domestic assault call here. the officers were attacked by the suspect. one fired in self-defense. police chief kathy lanier hugged one of her officers on the scene. investigators pick up a hoels ere and place t in the trunk of an
is strong and whether our economy will lead the world. but it is also a matter of big things in your life, in your homes. if you are a senior, friends, or, perhaps, you are caring for a senior in your home and if president obama were re-elected and you developed a medical condition that requires a medical specialist and the call the office of the specialist and the appointment secretary says, under obamacare, i'm sorry we are not taking anymore medicare patients because of the cuts that were put on medicare bio-- by obamacare, because of the cuts, half the doctors surveyed say they will not take any more patients on medicare so that is why we will repeal obamacare. and if you are a college student at the university here or wherever you are going to school, and you graduate, a big difference between whether the president's re-elected or whether paul ryan and i are elected, if you graduate and he is your president, good luck finding a job. if i'm your president, we will do everything in our power to make sure jobs come back and are waiting for college graduates. (applause). >> by the way, w
. some of these obama supporters last time have looked at the economy, looked at what's happened, looked at the last four years and said they want to do something different the next four years. bill: we're in hamilton county, traditionally reliable republican part of the state. it wasn't that way in 2008. is this part of the state where you need to overperform to win? or is it somewhere else in ohio? >> no, southwest ohio is area you need to do well as a republican. again i've been in a lot of victory centers this part of ohio where i'm from, where you're from, enthusiasm is unbelievable. we're having people show up make phone calls who have never been in politics before. we made three times more phone calls than 2008. we knocked on 20 win times more doors than 2008. i see enthusiasm here. i think we'll get turnout in southwest ohio to be good for us. frankly the other side is having tough time getting turnout they had in 2008. bill: senator, thank you for your time. >> you bet. thank you, bill. bill: rob portman here in cincinnati. right after this interview, martha, he jumped in his ca
the economy billions of dollars and insurers 20 billion at least. this is devastating hurricane. what is that for the overall economy mean? >> it is not going to be much for the over all economy. for the insurers they know occasionally they have to pay up for things like after katrina word was we would get devastation annually . we have hundred billions in storm devastation. they have the money to back it up. more importantly to your point, the human toll and the monetary toll is insignificant. >> gretchen: we'll have to go. we'll get to the 401's later today. storm surge could mean more danger. joe breaks down the anatomy of a storm surge. >> brian: crane barely hanging on. teetering from a high rise in manhattan. a live report. it was too dangerous to bring down. how does it work? you just he to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. [ male announcer ] it's time for medicare open enrollment. are you ready?
the u.s. economy including a jump in consumer confidence. the conference board said america's confidence in the economy surged last month to the highest levels in nearly five years. many were in check by an improving job market that was down. -the dow was up more than 136 points the nasdaq in the s&p 500 was also up. also, the highly anticipated october jobs report is expected today. and it could have an impact on the presidential election economists say they expect the report to solidify a picture of companies hiring steadily but cautiously. economics forecast that employers added 121,000 jobs in october of fact cent. that would be up slightly from september. but below the year's average monthly gain of 146,000. analysts are watching the an employer rate as it rose from the 7.8% 7.9% in the month of september. also, good news for starbucks the company says that its sales are perking up after a sluggish last quarter. they have seen a 6% increase in sales and also starting to open up stores in china. their single brew could boost sales for the holidays as well. the recent >> welcome back
are making closing arguments. county president continue to ignore the dismal economy or can he look at it, reverse it, and say it's going great? and will mitt romney swing the battleground states in his favor? full election coverage coming your way "fox & friends" special edition on the weekend starts right now. >> steve: welcome aboard, folks. the last we saw brian kilmeade was on the monday show. >> gretchen: tuesday. >> brian: i want full credit. >> gretchen: he was here and did his radio show. >> steve: we did the show five minutes before the conclusion of the program you got word from people in your neighborhood there could have been damage to your house. >> brian: right. the whole neighborhood is wiped out. so basically from if you know long island from south of merik road and north road damaged too. anyone you know there, their first floor has been wiped out. >> gretchen: so sorry. >> brian: just one of the many people. you can't go anywhere and diagonally from my house both houses exploded. these houses destroyed each other and almost destroyed the whole neighborhood. we're in the
to have taken economy. already lots of people that have come here. it's a great event for new york. i think for those who were lost, you know, you have got to believe they would want us to have an economy and have a city going on for those that they left behind. >> reporter: $350 million economic impact it brings to the city. megyn: we are a city of survivors. trace, thank you. also from new york there are an estimated 28 million rats living around the city. where did they go when the flooded waters rushed in? we are watching governor romney in the battleground state of virginia. five days left, folks. we'll take you there live. >> i believe -- temperature [ man ] december 7th. go ahead, mark your calendars. it's the last day you can switch your medicare part d plan. we're ready, and we can't wait to switch. what i wanted was simple: the most value for my dollar. so, now that it's time, we're making the move to a plan that really works for us. [ male announcer ] make the switch to an aarp medicarerx plan, insured through unitedhealthcare. open enrollment starts october 15th and ends d
Search Results 0 to 49 of about 72 (some duplicates have been removed)